What are Critical Raw Materials (CRMs)?

Critical Raw Materials (CRMs) are those raw materials which are economically and strategically important for the European economy, but have a high-risk associated with their supply. They are used in consumer electronics, health, steel-making, environmental technologies, defense, space exploration, and aviation. The materials are not only “critical” for key industry sectors and future applications, but also for the sustainable functioning of the European economy.

Source: European Commission CRM, 2020